Business Mileage Rate 2024 Schrikkeljaar. The rate for medical and moving purposes is based on the variable costs as determined by the. Approved mileage rates from tax year 2011 to 2012 to present date.

The irs determines this rate based on an annual. The irs recently announced an increase to the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business.